What You Should Know:
- LifeSpeak Inc. (TSX: LSPK), today announced it will acquire Wellbeats Inc., an on-demand physical well-being platform, for up to $92.5M USD. As the leader in mental health and total wellbeing for employers, this acquisition enables LifeSpeak to meet the rapidly growing demand for a comprehensive, single-vendor solution that addresses both mental and physical health support needs.
- Wellbeats, a Minnesota-based market-leading provider of an on-demand,
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Clinician Burnout, Nursing Staffing Shortage: 7 Exec Predictions to Watch
From clinician burnout to nursing staffing shortages, we asked executives to share their clinical predictions to watch in 2022 and beyond.
Angie Franks, CEO of ABOUT
Health system leaders will be focused on addressing dangerously high rates of clinician burnout and labor shortages across all roles, coupled with continued revenue and margin pressure. So it will be more important than ever for healthcare organizations to operate as a system and leverage all of their resources to ensure
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6 Healthcare Cybersecurity, Ransomware Predictions to Watch in 2022
We reached out to six healthcare executives for their trends and predictions on healthcare cybersecurity and ransomware to watch in 2022.
Milan Shah, Chief Technology Officer of Biofourmis
Cyberattacks on hospitals and health systems will continue their rapid pace in 2022, but as more providers launch hospitals at home and remote patient management programs and the technology has to traverse enterprise firewall boundaries, it provides attackers an extensive new surface area to attack.
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M&A: IBM Sells Off Watson Health Business to PE Firm Francisco Partners
What You Should Know:
- Today, IBM announced it has sold off healthcare data and analytics assets from IBM that are currently part of the Watson Health business to global private equity firm Francisco Partners. The assets acquired by Francisco Partners include extensive and diverse data sets and products, including Health Insights, MarketScan, Clinical Development, Social Program Management, Micromedex, and imaging software offerings.
- Financial terms of IBM's agreement with Francisco
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How Will AI Continue to Shape Healthcare in 2022? 9 Predictions to Watch
Digital health executives share their predictions on how artificial intelligence (AI) will continue to shape the healthcare industry in 2022.
Diana Nole, EVP and GM of Healthcare at Nuance Communications, Inc.
AI will find more game-changing use cases – According to Optum's fourth annual survey on AI in healthcare, 96% of respondents said AI plays an important role in increasing health equity, and 94% said they have a duty to ensure AI is used responsibly in healthcare. As healthcare
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Virtual Primary Care Reimagined With A Virtual First Health Plan
The promise of primary care on improved health outcomes has been proven over time. At the core of this equation is a robust and longitudinal patient-provider relationship. These positive relationships often improve patient satisfaction, yielding higher engagement and utilization of primary care services. However, recent studies suggest people are not engaging with primary care.
In fact, internal Teladoc Health data has shown that 80% of members do not have a strong relationship with a
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Digital Health Funding Tops $29.1B Across 729 Deals in 2021
What You Should Know:
- Digital health funding in the U.S. reached $29.1 billion across 729 deals, according to latest research from Rock Health, a full-service venture fund dedicated to digital health. The total nearly doubles 2020’s $14.9B record with an average deal size of $39.9M.
- The findings signal both the cause and effect of trends in the healthcare landscape as the digital health sector deals with major changes to its infrastructure, business models, and talent pool
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R1 Acquires Revenue Cycle Company Cloudmed for $4.1B
What You Should Know:
- R1, a leading provider of technology-driven solutions that reduce friction in healthcare, has just acquired CloudMed, a leader in Revenue Intelligence™ for healthcare providers in a $4.1B cash deal.
- Upon closing of the transaction, current R1 shareholders will own approximately 70% of the combined company on a fully diluted basis and Cloudmed equity holders will own approximately 30%. Cloudmed equity holders will enter into an 18-month lockup agreement, subject to
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Castlight Health and Vera Whole Health Merge in $370M Deal
What You Should Know:
- Castlight Health and Vera Health announce merger, the combined company will integrate Castlight’s market-leading navigation technology with Vera’s best in class advanced primary care model to expand access to care, reduce healthcare costs, and improve outcomes.
Castlight Health, Inc. (“Castlight”) (NYSE: CSLT), a healthcare data and navigation company, and Vera Whole Health, Inc. (“Vera”), a pioneer in advanced primary care, jointly announced a merger agreement
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We Recall Drugs with Adverse Effects, So Why Not Recall AI Algorithms with Racial Bias?
Over the last decade, AI has transformed from a futuristic, hype-driven tool, to now being a daily part of our lives. We use AI for everything from unlocking our smartphones, to evaluating our credit scores, to helping clinicians make patient care decisions. In particular, the potential of AI to transform drug development and patient care is unparalleled – its ability to gather objective insights can help elevate a clinical trial’s data and bring potentially life-saving drugs to people in need
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